Prosus: A poor man’s Tencent?
Prosus’s e-commerce efforts are thriving, but not enough to close the Tencent gap. Will a share buyback do the trick?
Naspers and Prosus will remain a poor man’s Tencent, regardless of the impact a $5bn share buyback may have, say its detractors.
The mammoth programme is meant to assuage shareholder discontent over a glaring valuation gap between the two conjoined entities and their most valuable investment...